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Japan Slips into recession; No More Third-Largest Economy

Japanโ€™s economy contracted 0.4% in the last quarter of 2023, falling behind Germany to become the worldโ€™s fourth largest. Though growing 1.9% in 2023, Japan was impacted by a 2.9% drop in the previous quarter and yen depreciation. With a $4.2 trillion GDP compared to Germanyโ€™s $4.4-4.5 trillion, Japan slid in rankings due to declining demographics, productivity and competitiveness.

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Washer Found Missing On Boeing 737 MAX Plane During Checks

Zaina Afzal Kutty

During a safety inspection of all 40 Boeing 737 Max planes operated by Indian airlines, a missing washer was discovered on one aircraft, according to aviation regulator DGCA. Following this, Boeing issued a global call for the scrutiny of all its 737 Max aeroplanes, urging checks within 24 hours for โ€œpossible loose hardware.โ€

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